Benzinga | Feb 10, 2021 10:43AM EST

Analyzing Helmerich & Payne's Ex-Dividend Date

Helmerich & Payne (NYSE:HP) declared a dividend payable on March 1, 2021 to its shareholders as of December 11, 2020. It was also announced that shareholders of Helmerich & Payne's stock as of February 12, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Helmerich & Payne will be on February 11, 2021. The company's current dividend payout is at $0.25. That equates to a dividend yield of 3.89% at current price levels.

Understanding Ex-Dividend Dates'

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Helmerich & Payne's Dividend Payouts And Yields

Over the past year, Helmerich & Payne has experienced an overall downward trend regarding its dividend payouts and yields. Last year on February 7, 2020 the company's payout was $0.71, which has since decreased by $0.46. Similarly, Helmerich & Payne's dividend yield last year was 6.67%, which has since declined by 2.78%.

Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Helmerich & Payne's previous dividends.